175 PARK STREET

For Sale - $6,900,000.00

ID#: 27881778

Incredible Uptown Waterloo land assembly over 20 years in the making consisting of 6 well-maintained rental properties! This AAA+ location in uptown Waterloo is home to this 1.1 acre condo site with substantial holding income. Steps to the Allen LTR stop and adjacent to the Iron Horse Trail and trendy Belmont Village creates the perfect backdrop for this upscale development project. The concept depicts a total of 316,000 GFA spread over 231 residential units, 9 commercial units with 11,000 square feet of street level commercial, and 214 parking spaces. Terraced structuring allows for extended outdoor living spaces in many of the units with panoramic views of the cityscape. Currently designated as Uptown Mixed Use in the City of Waterloo Official Plan with an opportunity for even higher density allocation. The City of Waterloo is undertaking an Official Plan review to update the planning framework and implementing increased density targets in the Major Transit Station Areas including this site. This is an unprecedented opportunity in one of the best locations in all of the Waterloo Region! Seller will share all studies and site plan information with signed NDA. (id:42870)